InfoWARE Analyst Daily Market Report (22-Sep-2023 15:07:50.846)

InfoWARE Analyst Daily Market Report (22-Sep-2023 15:07:50.846)
(Source: InfoWARE Terminal, Date: 22-Sep-2023)

Dear Investor,

InfoWARE Analyst Daily Market Report - 22-Sep-2023 15:07:50.844

The Nigerian equities market recorded another down day, as the NGX All-Share Index (NGXASI) closed the day down by -1.39%, to bring the Year-to-Date returns up 30.48%. The All Share Index closed at 67,324.59 against the previous close of 68,271.14, volume traded decreased by -8.49% from 1.12B to 1.03B, while market turnover (the total value of shares traded) decreased by -25.16% from NGN5.82B to NGN4.35B in 6,370.00 deals.
Market breadth (0.93x) signified Forty (40) advancers, as against Forty-three (43) decliners. Volume was up for 61 companies and down for 95

N.E.M INSURANCE CO (NIG) PLC. (NEM) topped the advancers list closing at N5.50 with a gain of 10.00% followed by LASACO ASSURANCE PLC. (LASACO) which closed at N2.04 with a gain of 9.68%.

On the flip side STANBIC IBTC ETF 30 (STANBICETF30) and OANDO PLC (OANDO) topped the decliners log with a loss of -10.00% at a close of N288.00, and -9.89% to close the day at N11.85 respectively.

Top Gainers

Symbol	LClose	%Chg
NEM	5.50	10.00
LASACO	2.04	9.68
CORNERST	1.37	9.60
SUNUASSUR	1.05	9.38
DAARCOMM	0.25	8.70

Top Losers

Symbol	LClose	%Chg
STANBICETF30	288.00	-10.00
OANDO	11.85	-9.89
NEWGOLD	13,000.00	-9.72
DANGCEM	334.00	-8.49
Ikejahotel	2.50	-8.09

For more detailed analysis,

On InfoWARE Market Data Terminal <TOPG> <GO>
On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Top Gainers & Losers"

Currency Market

In the currency market, the Naira appreciated 0.14%(1.10) against the Dollar to settle at 774.44 to 1

Investment Insights - Top 5 Gainers YTD

These stocks are the best performers whose price has risen faster than the market as a whole with the best returns year to date. Momentum investors believe that stocks that have outperformed the market will often continue to do so because the factors that caused them to outperform will not suddenly disappear. In addition, other investors seeking to benefit from the stock’s outperformance will often purchase the stock, further bidding its price higher and pushing the stock higher still

For more detailed analysis,

On InfoWARE Market Data Terminal <T5YTD2> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

NSE: Bull Signal - Price crossed above 15 Day MA

This signal implies these stocks are under buying pressure and the price might continue to rise and therefore positions should be monitored closely. Further suggested analysis include looking at the overall market (ASI) to see if the uptrend is market wide, sector wide or specific to the stock. Portfolio managers tend to use this as a signal to do more research to add to their positions or lock in some profits. Typically further analysis should be done using commands like PC and RV on the InfoWARE Market Data Terminal. Another command is ALERTS to set price triggers for possible exit or entry as necessary

For more detailed analysis,

On InfoWARE Market Data Terminal <NSEPERF> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Top Gainers & Losers"

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
NEM	5.50	9.09	5.05	13.58	0.37	6.00	27.59B	4.06M	16.00	22.31M	22-Sep-2023 14:30:16.707
CORNERST	1.37	8.76	1.26	3.56	0.35	4.80	24.89B	672.17K	13.00	897.08K	22-Sep-2023 14:30:13.447
ETERNA	15.80	7.91	15.11	19.43	0.75	1.03	20.61B	4.46M	231.00	68.82M	22-Sep-2023 14:30:13.660
WAPIC	0.64	7.81	0.60	36.59	0.02	5.08	15.35B	6.67M	34.00	4.26M	22-Sep-2023 14:30:17.803
NPFMCRFBK	1.94	6.19	1.88	6.84	0.27	5.49	11.63B	486.39K	13.00	924.65K	22-Sep-2023 14:30:16.903
UPDCREIT	3.55	4.23	3.42	6.00	0.57	16.47	9.47B	534.69K	30.00	1.84M	22-Sep-2023 14:30:25.183
VETGOODS	11.15	2.51	10.96			0.00	0.00	10.00	1.00	111.50	22-Sep-2023 14:30:39.663
ACCESSCORP	17.25	2.03	17.04	6.00	2.81	7.69	613.16B	33.01M	357.00	561.45M	22-Sep-2023 14:30:39.733
INTBREW	4.55	1.10	4.51	0.00	0.00	5.56	122.22B	261.99K	23.00	1.20M	22-Sep-2023 14:30:16.153
VETBANK	6.91	0.72	6.89			0.00	0.00	155.00	6.00	1.06K	22-Sep-2023 14:30:39.653

NSE: BEAR Signal - Price crossed below 15 Day MA

This signal implies these stocks are under selling pressure and the price might continue to slide and therefore positions should be monitored closely. Further suggested analysis include looking at the overall market (ASI) to see if the downtrend is market wide, sector wide or specific to the stock. If the overal market trend is upwards, then since these stocks are heading in the opposite direction, then further analysis should be done using commands like PC and RV on the InfoWARE Market Data Terminal. Another command is ALERTS to set price triggers for possible exit is necessar

For more detailed analysis,

On InfoWARE Market Data Terminal <BEARM> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

Symbol	Price	%Chg	15DMA	PE	EPS	DivY	MktCap	Vol	Trades	Value	LstTradeTime
GREENWETF	470.00	0.00	477.02			0.00	0.00	0.00	0.00	0.00	22-Sep-2023 14:30:39.510
SIAMLETF40	205.00	0.00	206.67			0.00	0.00	0.00	0.00	0.00	22-Sep-2023 14:30:39.600
VETGRIF30	24.64	0.00	24.68			0.00	0.00	2.82K	2.00	69.36K	22-Sep-2023 14:30:39.683
FG112034S2	87.80	-0.71	88.38			0.00	94.47B	5.54K	1.00	4.86M	22-Sep-2023 14:30:19.133
NGX30	2,478.65	-1.34	2,499.11	575.61	329.08	0.00	0.00	180.17M	3,213.00	3.15B	22-Sep-2023 14:30:21.070
ASI	67,324.59	-1.41	67,833.84	11.84	457.69	0.00	0.00	1.03B	6,370.00	4.35B	22-Sep-2023 14:30:21.060
NGXPENBRD	1,175.36	-1.43	1,184.54	348.78	389.18	0.00	0.00	229.02M	4,643.00	3.43B	22-Sep-2023 14:30:21.337
NGXLOTUSISLM	4,314.54	-1.61	4,346.35	1,270.93	62.77	0.00	0.00	6.71M	757.00	458.52M	22-Sep-2023 14:30:21.257
HONYFLOUR	3.25	-5.54	3.30	11.17	0.31	2.04	25.77B	880.33K	31.00	2.89M	22-Sep-2023 14:30:16.097
LIVESTOCK	1.80	-6.11	1.82	0.00	0.00	5.24	5.40B	591.43K	21.00	1.07M	22-Sep-2023 14:30:16.320
NEWGOLD	13,000.00	-10.77	13,989.41	0.00	0.00	0.00	0.00	21.00	6.00	273.00K	22-Sep-2023 14:30:39.570

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

Nigeria FX Reserves are assets held on reserve by CBN in foreign currencies. These reserves are used to back liabilities and influence monetary policy. Given the nature of the Nigeria economy, FX Reserves can appear to have an outsize influence on the economy and hence on the capital market. The chart below allows comparison of FX Reserves against the ASI to make investment decisions

For more detailed analysis,

On InfoWARE Market Data Terminal <CI> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

Market Trend - ASI (NGX All-Share-Index) With 50 & 200 Day MAvgs Chart

Technical traders typically use the 50 & 200 day moving averages to aid in choosing where to enter or exit a position, which then causes these levels to act as strong support or resistance. As a general guideline, if the price is above a moving average, the trend is up. If the price is below a moving average, the trend is down.
It is important to note that critics of technical analysis say that moving averages act as support and resistance because so many traders use these indicators to inform their trading decisions. Also moving averages tend to work quite well in strong trending conditions but poorly in choppy or ranging conditions.
Trading Strategies: Crossovers
Crossovers are one of the main moving average strategies. The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend. Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it is a buy signal, as it indicates that the trend is shifting up. This is known as a golden cross. Meanwhile, when the shorter-term MA crosses below the longer-term MA, it is a sell signal, as it indicates that the trend is shifting down. This is known as a dead/death cross

For more detailed analysis,

On InfoWARE Market Data Terminal <CI> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

Unusual Volume: Volume traded is more than double the 90 day moving average (All exchanges; ASI & ASem). For more detailed analysis,

On InfoWARE Market Data Terminal <UV> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

Symbol	Name	Volume	90DAvgVol	%VolChg	Price	LClose	%Chg	Trades	Value
UNIVINSURE	UNIVERSAL INSURANCE COMPANY PLC	670.23M	34.69M	1,832.17	0.22	0.21	4.76	61	134.34M
OANDO	OANDO PLC	60.09M	15.81M	279.95	11.85	13.15	-9.89	863	719.98M
TANTALIZER	TANTALIZERS PLC	5.61M	1.33M	320.33	0.30	0.32	-6.25	22	1.78M
NEM	N.E.M INSURANCE CO (NIG) PLC.	4.06M	627.66K	547.41	5.50	5.00	10.00	16	22.31M
MULTIVERSE	MULTIVERSE PLC	1.15M	207.54K	452.44	2.72	2.73	-0.37	36	3.08M

Investment Insights - High Div. Stocks

Dividend stocks distribute a portion of the company earnings to investors on a regular basis and they can a great choice for investors looking for regular income. As an investment or trading strategy, high dividend yield equities provide annual cash payments as against mostly capital gains in the price of a stock. The list in the table below represent the highest dividend paying stocks from the list of the most liquid stocks in the NSE top 30.

For more detailed analysis,

On InfoWARE Market Data Terminal <HYIELD> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

Investment Insights - Stocks outperforming the ASI but with approximately the same risk

These list of stocks represent equities that are less risky than the ASI but doing better than the ASI (All Shares Index) using the YTD (Year to Date) returns as the measure. The risk is measured by Beta. Beta is an assessment of a stock's tendency to undergo price changes, (its volatility), as well as its potential returns compared to the ASI. It is expressed as a ratio, where a score of 1 represents performance comparable to the ASI, and returns above or below the market may receive scores greater or lower than 1.

For a full list of both positively and negatively corelated stocks visit InfoWARE Market Data Terminal

On InfoWARE Market Data Terminal <BANL> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

Symbol	DivYield	PE	EPS	Beta	%ChgYTD	ASIYTDReturn	BetaDiff
SUNUASSUR	3.13	0.00	0.00	0.99	65.52	30.48	0.01
IKEJAHOTEL	2.57	21.91	0.16	0.96	317.14	30.48	0.04
STANBIC	1.92	6.32	8.23	0.95	76.38	30.48	0.05
SOVRENINS	7.50	17.82	0.03	0.89	75.00	30.48	0.11
OMATEK	0.00	2.89	0.10	0.88	95.00	30.48	0.12
CAVERTON	6.58	0.80	1.57	0.88	35.64	30.48	0.12
REGALINS	8.57	3.97	0.11	0.86	76.00	30.48	0.14
ETERNA	1.03	18.43	0.75	0.85	247.37	30.48	0.15
ACADEMY	5.29	0.00	0.00	0.83	82.17	30.48	0.17
CADBURY	2.60	29.35	0.64	0.82	48.74	30.48	0.18

Chart of the day: OPEC Basket Price Vs ASI (365 Day Chart)

The OPEC basket is a weighted average of oil prices from the different OPEC members around the world. The basket is a benchmark, or reference point, for those monitoring the price of oil and the stability of the global oil market. Today, the OPEC basket averages the prices from Algeria, Angola, Ecuador, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. These fourteen countries represent the membership of OPEC. Many other countries throughout the world also produce oil. However, they are not OPEC members. Russia, the U.S., China, and Canada are all major oil producers but not OPEC members. OPEC?s member countries produce in total 40 percent of the world?s oil. (Definition Source: Investopedia.com)

For a full list of both positively and negatively corelated stocks visit InfoWARE Market Data Terminal

On InfoWARE Market Data Terminal <BANL> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10)

OPEC Basket Price Vs ASI (365 Day Chart)

For more detailed analysis,

On InfoWARE Market Data Terminal <OVA> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Research"

Top ASI Gainers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgYTD
CHAMPION	5.74	76.62	6.69	76.62	73.94	4.36
ETERNA	23.10	65.00	10.00	65.00	41.72	247.37
IKEJAHOTEL	4.38	51.03	9.77	51.03	46.00	317.14
RTBRISCOE	0.62	47.62	8.77	47.62	37.78	121.43
TRIPPLEG	3.38	40.25	-9.87	40.25	40.25	327.85
WAPIC	0.84	40.00	1.20	40.00	40.00	100.00
MBENEFIT	0.58	38.10	9.43	38.10	20.83	107.14
FTNCOCOA	2.62	28.43	9.62	28.43	19.09	773.33
NGXGROUP	28.80	28.00	-1.71	28.00	9.09	15.90
LASACO	2.67	27.14	2.69	27.14	34.85	200.00

Top ASI Losers Over Last 5 Trading Days

Symbol	Price	%Chg5Dys	%Chg1Dy	%ChgWTD	%ChgMTD	%ChgYTD
CWG	1.85	-75.33	0.00	-75.33	-53.87	101.09
CHELLARAM	1.33	-65.54	0.00	-65.54	-62.75	-34.16
NASCON	19.95	-61.56	6.68	-61.56	-64.12	79.73
SKYAVN	11.15	-56.02	9.85	-56.02	-60.39	123.00
TIP	0.51	-55.26	0.00	-55.26	-56.03	6.25
DANGSUGAR	25.75	-54.98	3.00	-54.98	-57.44	60.44
TRANSCOHOT	23.40	-52.15	0.00	-52.15	-43.61	274.40
OANDO	5.80	-52.07	0.87	-52.07	4.50	49.48
ABCTRANS	0.41	-49.38	-6.82	-49.38	-56.84	64.00
GOLDBREW	1.83	-41.90	9.58	-41.90	-41.90	125.93

For more detailed analysis,

On InfoWARE Market Data Terminal <NSEPERF> <GO>
On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Top Gainers & Losers"

African Markets

Name	LClose	Change	%Chg
BRVM Stock Exchange	205.36	-0.91	-0.44
Botswana Stock Exchange	8,345.34	5.84	0.07
Egyptian Exchange	17,748.89	-90.98	-0.51
Ghana Stock Exchange	3,103.08	-12.15	-0.39
Johannesburg Stock Exchange	76,837.44	-177.13	-0.23
Lusaka Stock Exchange	8,369.53	3.35	0.04
Casablanca Stock Exchange	12,074.06	-9.67	-0.08
Malawi Stock Exchange	114,909.00	696.70	0.61
Nigeria Stock Exchange	65,309.65	-26.13	-0.04
Nairobi Securities Exchange	104.91	-1.24	-1.17
Namibian Stock Exchange	1,632.71	-0.16	-0.01
Rwanda Stock Exchange	143.58	0.03	0.02
Tunis Stock Exchange	8,914.10	-6.24	-0.07
Uganda Securities Exchange	992.59	2.57	0.26

Nigeria Market Indexes

Symbol	LClose	%Chg	WTD%	MTD%	QTD%	YTD%	Trades
ASI	67,324.59	-1.39	-0.81	-0.30	8.68	30.49	6,370
NGX30	2,478.65	-1.32	-1.05	-0.45	10.83	33.68	3,213
NGXAFRBVI	1,726.16	0.73	0.25	1.94	3.62	70.50	1,183
NGXAFRHDYI	6,753.51	-1.37	-2.39	-4.91	29.16	101.83	1,323
NGXASEM	658.99	0.00	0.00	0.00	-0.07	-0.07	0
NGXBNK	695.24	0.75	-0.80	2.75	0.88	62.31	1,385
NGXCG	1,911.55	-0.05	-0.80	-0.87	2.65	48.19	3,142
NGXCNSMRGDS	1,114.71	0.11	2.82	3.36	23.93	82.71	791
NGXGROWTH	2,792.77	-0.20	-0.40	1.41	12.02	57.69	13
NGXINDUSTR	2,746.39	-4.77	-4.75	-5.53	10.20	14.28	378
NGXINS	275.37	3.32	3.20	0.77	-2.41	54.00	330
NGXLOTUSISLM	4,314.54	-1.58	-0.29	-0.93	6.19	31.70	757
NGXMAINBOARD	3,007.27	-0.05	1.48	3.13	10.87	28.05	4,786
NGXMERIGRW	4,316.20	0.34	1.13	6.38	21.69	85.91	838
NGXMERIVAL	4,071.66	0.70	-1.01	1.90	8.29	73.31	1,838
NGXOILGAS	925.52	0.28	0.94	-1.59	17.53	100.16	319
NGXPENBRD	1,175.36	-1.41	-0.84	-0.15	9.82	13.88	4,643
NGXPENSION	2,888.75	-0.83	-0.83	1.17	9.37	59.56	3,543
NGXPREMIUM	6,814.92	-3.12	-3.73	-4.55	6.90	43.93	1,571
NGXSOVBND	762.38	-0.08	0.17	-1.75	-0.06	-6.83	1

For more detailed analysis,

On InfoWARE Market Data Terminal <MKTINS> <GO>
On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Market Indexes"